First Progress Platinum Elite Mastercard has a number of benefits that will appeal to you if your search for a creditcard with many benefits is over. This secured credit cards has many positive aspects, however, negative reviews have been received due to poor customer service, a lack of rewards program and delayed card delivery. First Progress offers four different types of credit cards: unsecured, secured, and platinum elite.
Credit line
First Progress Platinum Elite Mastercard provides excellent credit building potential. There is no credit screening and you can choose between $200 and $2,000 depending your financial situation. The card also reports to all three credit bureaus.
Low APR
First Progress Platinum Elite Mastercard has a low annual percentage rate, making it an ideal choice for those who want to build good credit. This card features a full-featured account with a revolving, credit line that is tied to the security deposit. You can also monitor your credit score. It allows you to pay directly from your bank account.
No rewards program
First Progress Platinum Elite Mastercard offers no rewards program, no minimum credit score, and no annual fee. This secured card is suitable for people with limited credit history or bad credit. The card comes with a $200 minimum security deposit to reduce the risk of defaulting on payments.
No intro APR offer
Although the First Progress Platinum Elite Mastercard has a no intro APR deal, you should not expect it to have a zero introductory rate. If you are looking for the lowest interest rate on a secured card, there is another option. The Platinum Elite Mastercard is a solid choice for people with less than perfect credit. Even if your credit history is not perfect, you can still apply for this card. Simply fill out the application, make a payment, and then click the button to go to payment.
No credit score required
First Progress Platinum Elite Mastercard, a secured credit card that does not require a credit score, is a great option for those looking for one. It comes with zero liability protection, rental car collision damage waiver and extended warranty coverage. It offers an unlimited monthly FICO credit score, and there are no foreign transaction charges.
No annual fee
First Progress Platinum Elite Mastercard requires a minimum $200 deposit to be eligible for. You can deposit as much as $2,000, depending on your credit situation. There is an $29 annual fee, which is higher than other secured cards. This credit card is an excellent choice for those who want to improve credit scores.